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Bump 50:50, a division of Sportech Racing and Digital, is happy to announce the renewal of their contract with the Dallas Cowboys. Bump 50:50 will continue to provide the technology and services to conduct 50/50 charitable fundraising raffles at Dallas Cowboys home games.

Bump’s proven package of technologies and services – including point-of-sale software and hardware, a triple-redundant central system for real-time raffle processing, and Bump’s signature jackpot-boosting implementation package – helped generate total cumulative jackpots of over $1.4 million for the Cowboys over the first contract term with a single event jackpot high of $146K.

With a roster of eight NFL® team heading into football’s regular season, our team at Bump 50:50 are thrilled to extend this important contract and to continue to provide raffle technologies and services that help maximize the Cowboys’ 50/50 raffle program.

The following information is provided in accordance with section 430(2B) of the Companies Act 2006.

As announced on 18 September 2017, Ian Penrose and Mickey Kalifa are stepping down from their current roles as Chief Executive Officer and Chief Financial Officer respectively and from the Board of Sportech plc. Mr Penrose’s employment will end on 31st December 2017 and Mr Kalifa’s employment will end on 31st October 2017.

The following arrangements in respect of their employment and remuneration have been determined by the Group’s Remuneration Committee. All payments and arrangements are in line with the Company’s Directors’ Remuneration Policy approved by shareholders at the AGM in April 2017. Further details will be included in the Company’s 2017 Annual Report, to be published in the spring of 2018.

Mr Penrose and Mr Kalifa will continue to receive their salary and contractual benefits up until the end of their respective employments.
Following the end of his employment, Mr Penrose will be entitled to receive a payment of £1,000 in consideration of obligations agreed with the Company in respect of the period of six months following the end of his employment, £448,920 as damages for breach of contract in respect of his notice period (which equates to 12 months’ salary and benefits under his contract of employment), a payment of £50,000 as compensation for loss of office together with a payment of £15,340 in lieu of ten days’ holiday accrued but untaken.
Following the end of his employment Mr Kalifa will be entitled to receive a payment of £254,000 (which equates to 12 months’ notice entitlement under his contract of employment) together with a payment of £50,000 as compensation for loss of office.
Mr Penrose and Mr Kalifa will remain entitled to receive an annual bonus in respect of 2017, to be paid at the usual time and pro-rated to the end of their respective employments. These bonuses, which will be subject to malus and clawback provisions, will be determined by the Remuneration Committee in the normal way, considering the detailed financial and strategic objectives applying to such bonuses, save for certain strategic objectives irrevocably attained to date. The minimum bonus payment payable to Mr Penrose in respect of such objectives will be £159,600 and the minimum bonus payment payable to Mr Kalifa in respect of such objectives will be £81,915.
The following arrangements apply to the long-term incentive awards which will be outstanding on the dates when Mr Penrose and Mr Kalifa’s employments end:

Mr Penrose

The award granted to Mr Penrose in 2015 under the Sportech LTIP (LTIP) will vest in line with its original vesting date, subject to the satisfaction of the original performance conditions. No pro-rating for time will be applied to this award.
The award granted to Mr Penrose in 2016 under the LTIP will vest in line with its original vesting date, subject to the satisfaction of the original performance conditions, and will be pro-rated to reflect the period of time from 9 March 2016 to 9 March 2018 as compared to three years save that, where this award vests in the context of a takeover of the Company and the Remuneration Committee exercises its discretion to accelerate the vesting of all other outstanding awards granted under the LTIP, the pro-rating of this award will be calculated by reference to the period of time from 9 March 2016 to 9 March 2018 as compared to the period of time from 9 March 2016 to the date of the takeover.
All awards granted to Mr Penrose under the LTIP will continue to be subject to malus and clawback provisions.
Mr Penrose will be entitled to retain the shares issued to him pursuant to the Sportech PLC Value Creation Plan (VCP) and such shares will vest, subject to performance, on their normal vesting date (being 1 January 2022 or, if earlier, the date of a takeover or demerger of the Company). The number of shares that will vest will be reduced to reflect the period of time from 31 December 2018 to the vesting date as compared to the period of time from 1 January 2017 to the vesting date. If the vesting date falls on or before 31 December 2018 (that is, as a result of a takeover or demerger), Mr Penrose’s VCP shares will vest in full.
Mr Kalifa

The award granted to Mr Kalifa in 2015 under the LTIP will vest in line with its original vesting date, subject to the satisfaction of the original performance conditions, and will be pro-rated to reflect the period of time from the date of grant to 31 December 2017 as compared to three years.
The award granted to Mr Kalifa in 2016 under the LTIP will vest in line with its original vesting date, subject to the satisfaction of the original performance conditions, and will be pro-rated to reflect the period of time from 9 March 2016 to 31 December 2017 as compared to three years save that, where this award vests in the context of a takeover of the Company and the Remuneration Committee exercises its discretion to accelerate the vesting of all other outstanding awards granted under the LTIP, the pro-rating of this award will be calculated by reference to the period of time from 9 March 2016 to 31 December 2017 as compared to the period of time from 9 March 2016 to the date of the takeover.
All awards granted to Mr Kalifa under the LTIP will continue to be subject to malus and clawback provisions.
Mr Kalifa will be entitled to retain the shares issued to him pursuant to the VCP and such shares will vest, subject to performance, on their normal vesting date (being 1 January 2022 or, if earlier, the date of a takeover or demerger of the Company). The number of shares that will vest will be reduced to reflect the period of time from 6 September 2018 to the vesting date as compared to the period of time from 1 January 2017 to the vesting date. If the vesting date falls on or before 6 September 2018 (that is, as a result of a takeover or demerger), Mr Kalifa’s VCP shares will vest in full.

The following information is provided in accordance with Section 430(2B) of the Companies Act 2006.
As previously announced, David McKeith resigned as a Non-Executive Director of the Company on 23 August 2016.
The Company confirms that David McKeith will receive three months’ Board, Audit and Remuneration Committee fees in lieu of notice at the rates set out in the Company’s 2015 Annual Report & Accounts. No other remuneration payment will be made by the Company to Mr McKeith.

The following information is provided in accordance with Section 430(2B) of the Companies Act 2006.

As previously announced, Roger Withers resigned as Non-Executive Chairman of the Company on 24th May 2017. The Company confirms that Roger Withers will receive his annual Chairman’s fee set out in the Company’s 2016 Annual Report & Accounts on a pro-rata basis up to and including 24th May 2017 and a settlement of £30,000 for three months’ notice, per his contracted terms with the Company.

Sportech Racing and Digital announces that it has been selected by Ellis Park as its new provider of pari-mutuel betting technologies and services. This agreement follows another new tote services contract signed earlier this year with Kentucky Downs.

Sportech began providing totalisator services to Kentucky Downs just before commencement of its record-breaking live meet under a contract that includes Sportech’s BetJet® terminals.
Sportech will commence with tote services for Ellis Park in January 2017. As with Kentucky Downs, Sportech will deliver betting services to Ellis Park with its world-class Quantum™ System– the world’s most widely-deployed pari-mutuel betting software – operated from Sportech’s state-of-the-art Global Quantum™ Data and Operations Center.

Patrons of Ellis Park will also enjoy an upgrade in the betting technologies available to them, including Sportech’s new BetJet® SL 2.5 self-service terminals and the Sportech Tablet for wireless account betting.

Ellis Park’s President, Ron Geary, stated, “We evaluated our options and were impressed with Sportech Racing and Digital’s technology, their track record, and their independence. We are looking forward to a smooth transition to the new technologies and to offering our players an overall improved betting experience.”

Corey Johnsen, President of Kentucky Downs, stated, “We have been very happy with our first live meet working with Sportech and have been pleased with not only their technology and their service, but also with their cooperation and professionalism. Our on-track handle was up 48% and Sportech was an important part of that improved customer service. We look forward to continuing to work together to give our players a fantastic experience.”

Andrew Gaughan, President of Sportech Racing // Digital said, “We are happy to welcome both Ellis Park and Kentucky Downs to the Sportech family and to expand our operations footprint into the state of Kentucky. This year we have experienced tremendous growth in our overseas business, particularly in Europe and Asia, but we are steadfastly committed to strengthening our footprint in North America and to delivering innovative products and services that meet the high demands of that market.”

Sportech Racing and Digital announces that, following a competitive bidding process, it has been awarded a new contract with Tote Ireland to strengthen and expand the suite of pari-mutuel betting technologies and services utilized by the twenty-six horse racing tracks in the Republic of Ireland.

Sportech has been the technology and service provider to Tote Ireland since 1999, with operations and support provided from one of Sportech’s key operational centers located in Athlone, Ireland. The new contract has an initial term of five years plus five one-year options.
Under the new contract, Sportech will provide an upgrade to Tote Ireland’s Quantum™ System – the world’s most widely deployed pari-mutuel betting system – to deliver even more features and functionality to Irish punters. Sportech will continue to provide hosting and enhanced system operations from its Global Quantum™ Data and Operations Center in the USA. Sportech will also continue to provide the daily maintenance, operations, and support of the tote equipment installed at Tote Ireland’s racetracks under a logistics, service, and maintenance agreement.

Tim Higgins, CEO of Tote Ireland, commented, “Tote Ireland have a long and productive business relationship with Sportech and with their Ireland-based team. We look forward to enhancing the services offered to our players and to achieving further operational efficiencies in both on-site logistics and system operations.”

Andrew Gaughan, President of Sportech Racing and Digital, stated: “It is very gratifying to know that after many years our partnership with Tote Ireland remains robust and fruitful and that our technologies and services continue to be embraced by Tote Ireland as the way forward in an ever-increasingly competitive marketplace.”

The following information is provided in accordance with Section 430(2B) of the Companies Act 2006.

Rich Roberts’ resignation from the Sportech PLC Board was accepted on 14 July 2016.

He was subject to a twelve month contractual notice period and will receive a payment in lieu of such notice period. He will continue to work with the Company until 1 September 2016 for no additional remuneration in order to ensure a successful handover of his duties.

He will be eligible for a pro-rated bonus in respect of the 2016 financial year, dependent upon meeting certain performance criteria, payable at the same time as performance bonuses for 2016 are paid to active employees.

Long-term incentive awards granted in 2014 and 2015 will, to the extent the relevant performance criteria has been met and pro-rated for the proportion of the performance period served, vest at the normal vesting date. No award was granted in 2016.

Save as set out above, no payments for loss of office have been made to Rich Roberts.

Full details of the remuneration payments made to Rich will be set out in the 2016 Directors’ Remuneration Report.

Bump 50:50 announced that it has been selected to provide the technologies and services to conduct 50/50 charitable raffles by the Padres Foundation.

The Padres Foundation is Bump’s first contract with an MLB team-affiliated charity, however Bump has helped generate amazing 50/50 raffle results at baseball events before. Earlier this spring, Bump technology generated a two-game jackpot of $290,000 – a Quebec and MLB 50/50 raffle record – for the Montreal Canadiens Children’s Foundation, which hosted exhibition games featuring the Toronto Blue Jays.

The proven Bump 50:50 package includes point-of-sale software and hardware, a triple-redundant central system for real-time raffle processing, and services that include monitoring and immediate support. In addition, The Padres Foundation staff will benefit from Bump’s proven implementation and operations package, which has helped drive the success of 50/50 raffle programs for customers throughout North America.

Dan Tanenbaum, President of Bump 50:50, stated, “We are thrilled to welcome our first Major League Baseball team charity to Bump 50:50. The $290,000 two-game jackpot result at the Montreal MLB exhibition demonstrates just how effective the Bump 50:50 technology and support package can be and we’re excited to put them to work in San Diego to help support the charitable mission of the Padres.”

The following information is provided in accordance with Section 430(2B) of the Companies Act 2006.

As previously announced, Peter Williams resigned as a Non-Executive Director of the Company on 17 May2016.

The Company confirms that Peter Williams received pro-rated Board, Audit and Remuneration Committee fees up to and including 17 May 2016 at the rates set out in the Company’s 2015 Annual Report & Accounts. No other remuneration payment will be made by the Company to Peter after he ceased to be a Non-Executive Director of the Company, nor will any payment for loss of office be made.

Sportech Racing // Digital, announces that it has entered into agreements for the sale of new betting terminal technology to key customers in South America and Europe.

Sportech will provide the new BetJet® SL 2.5 self-service betting terminal to Club Hípico de Santiago and Valparaiso Sporting Club in Chile. These Chilean thoroughbred racetracks are long-standing Sportech customers, with Quantum™ System pari-mutuel betting software and a digital platform for Internet betting. The BetJet® SL 2.5 will offer Chile’s customers convenient self-service betting with cash, accounts, and vouchers, and will feature the intuitive ClearBet user interface, which has helped Sportech deliver some of the best self-service results in the industry.

In Spain, Sportech will provide new WAVE™ betting terminals to Hipodromo de la Zarzuela to replace the racetrack’s legacy terminals. The update is part of a global renovation plan at the Madrid thoroughbred racetrack, timed to coincide with its 75th anniversary celebration. The new terminals compliment other renovations that have modernized the racetrack facility, sparking public interest and attracting new fans of horse racing and outdoor entertainment. This technology update also follows last year’s migration of racetrack tote operations to Sportech’s Quantum Data Center Europe, with its wide range of state-of-the-art services.

Complimenting the new terminals will be a new and exclusive feature designed in collaboration with Hipodromo de la Zarzuela that will enable the use of one-day paperless vouchers. Racetrack customers will now be able to use their own smartphones or tablets to bet at the racetrack without the need to carry paper tickets or queue at teller windows. Sportech is a leader in producing patented mobile betting technologies that facilitate a move away from paper tickets, as exemplified by this new digital voucher feature, as well as by the company’s Digital Link™ mobile betting app.

Andrew Gaughan, President of Sportech Racing // Digital, stated: “These sales speak not only to Sportech’s strengthening global presence, but also to the quality of our betting technologies. The adoption in particular of self-service betting, and tools like the paperless voucher, are perfectly consistent with Sportech’s goal of helping our customers move toward a paperless betting experience using the players’ own mobile devices to ultimately make betting more convenient and efficient.”

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About Sportech

Sportech PLC is a leading player in the global pari-mutuel betting technology sector. It provides technology solutions for gaming companies, sports teams, and racetracks, and it owns and operates gaming venues in the USA.

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